Question
Jelly and Belly entered into a partnership, investing
Rs. 8000 and 6000 respectively. After 3 months, Jelly withdrew Rs. 2500 while Belly invested Rs. 2500 more. After 3 months more, Kelly joins the business with the capital of Rs. 10500. After a year, they obtained a profit of Rs. 13200. By what amount does the share of Belly exceed the share of Kelly?Solution
Total Capital invested by Jelly in a year = 8000 × 3 + 5500 × 9 = 73500 Total Capital invested by Belly in a year = 6000 × 3 + 8500 × 9 = 94500 Money invested by Kelly = 10500 × 6 = 63000 Jelly : Belly : Kelly Capital - 73500 : 94500 : 63000 Profit Sharing ratio 7 : 9 : 6 Profit = 13,200 Difference between Belly’s and Kelly’s share = (9-6)/22×1320= 3/22 ×13200=3×600 =1800
Which of the following best represents a core principle of natural justice in administrative law?
Which Section of the Indian Penal Code. 1860 deals with right to private defence of body and property?
On whom burden of proof lies?
Under which section of the LLP Act relationship of partners is discussed?
Which of the following can be included as a property of the partnership firm?
What does the principle of Res Gestaeunder Section 6 of the Indian Evidence Actstate?
Which of the following statement is true?
Plaint shall state precisely the amount claimed in all money suits except amount for________.
Who can initiate Corporate Insolvency Resolution Process as per IBC?
The rescission of a voidable contract may be communicated or revoked in the same manner, and subject to the same rules, as apply to the ________________
Relevant for Exams:
